Curious to see the emissions of the organizations you buy from or invest in?
Book a demo for a pilot project
AXA XL, a prominent division of AXA Group, is headquartered in the United States and operates extensively across North America, Europe, and Asia. Established in 1986, the company has evolved into a leading provider of insurance and pension funding services, excluding compulsory social security services.
Specialising in property, casualty, and specialty insurance, AXA XL distinguishes itself through innovative risk management solutions tailored to diverse industries. The firm is recognised for its robust underwriting capabilities and commitment to client service, positioning it as a trusted partner in the insurance landscape.
With a strong market presence, AXA XL has achieved notable milestones, including significant growth in its global operations and a reputation for excellence in complex risk coverage. Its dedication to delivering unique, client-focused solutions continues to solidify its status as a key player in the insurance sector.
74
DitchCarbon score
+35 vs industry average
Axa Xl’s score of 74 is higher than 83% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Part of the Sustainability team at Axa Xl?
- Control how your company's emission story is told
- Respond to customers efficiently
- See who's viewing your profile
Industry Intensity
Very Low
Insurance Services is among the least carbon-intensive industries
Industry performance
0.058
20182025
The Insurance Services industry has reduced its overall emissions by 25% since 2018
Emissions trajectory 2020 – 2027
20202021202220232024202520262027
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Axa Xl's reported carbon emissions
AXA XL, an insurance and pension funding services provider headquartered in the US, reported total carbon emissions of approximately 37,145,000 kg CO2e in 2024. This included about 911,000 kg CO2e from Scope 1 emissions, approximately 4,048,000 kg CO2e from Scope 2 (market-based), and around 32,186,000 kg CO2e from Scope 3 emissions.
For 2023, AXA XL's total emissions were approximately 39,072,000 kg CO2e, comprising about 764,000 kg CO2e in Scope 1, approximately 4,318,000 kg CO2e in Scope 2 (market-based), and about 33,990,000 kg CO2e in Scope 3. This indicates a decrease in total emissions from 2023 to 2024.
Looking back, in 2022, total emissions were approximately 26,650,000 kg CO2e (Scope 1: about 1,100,000 kg CO2e; Scope 2 market-based: about 4,557,000 kg CO2e; Scope 3: about 20,993,000 kg CO2e). In 2021, total emissions were around 19,633,000 kg CO2e (Scope 1: about 851,000 kg CO2e; Scope 2 market-based: about 3,875,000 kg CO2e; Scope 3: about 14,907,000 kg CO2e). For 2020, total emissions were approximately 18,748,000 kg CO2e (Scope 1: about 1,639,000 kg CO2e; Scope 2: about 4,789,000 kg CO2e; Scope 3: about 12,320,000 kg CO2e).
Further historical data shows total emissions of approximately 45,785,000 kg CO2e in 2019 (Scope 1: about 1,818,000 kg CO2e; Scope 2 market-based: about 6,155,000 kg CO2e; Scope 3: about 37,812,000 kg CO2e). In 2018, Scope 1 emissions were approximately 2,970,000 kg CO2e, Scope 2 market-based emissions were about 7,559,000 kg CO2e, and Scope 3 emissions were about 44,936,000 kg CO2e. For 2017, total emissions were approximately 59,391,000 kg CO2e, with Scope 1 from stationary combustion at about 2,427,000 kg CO2e, Scope 2 from purchased electricity at about 9,728,000 kg CO2e, and Scope 3 including business travel at about 31,936,000 kg CO2e, employee commute at about 5,040,000 kg CO2e, purchased goods and services at about 249,000 kg CO2e, and waste generated in operations at about 453,000 kg CO2e.
AXA XL has set a near-term Scope 1 absolute reduction target to decrease the carbon footprint of AXA’s general account assets by 20% by 2025, starting from 2023. As a subsidiary of AXA SA, AXA XL also cascades its SBTi, CDP, and RE100 initiatives from its parent company.
Assessing Axa Xl as a supplier or portfolio company?
- See verified emissions data for over 2 million organizations
- View emissions forecasts for Axa Xl and the organizations you buy from or invest in
- Get PCAF data quality (DQ) scores, including for private organizations
Axa Xl’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
Inherited from AXA SASee details
Active
Carbon Disclosure Project
Inherited from AXA SASign in to view
Active
The Climate Pledge
See details
Not active
UN Global Compact Climate Champions initiative
Inherited from AXA SASee details
Not active
RE 100
Inherited from AXA SASee details
Not active
Climate Action 100
See details
Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Axa Xl1 month ago
74
Need this data for financed emissions?
PCAF scored Scope 1, 2 and 3 for 2M+ organizations, including private ones.
Usage policy
You’re welcome to quote or reference data from this page, but please include a visible link back to this URL. Bulk collection, resale, or redistribution of data from multiple profiles is not permitted.
See our License Agreement for more details.
Where does DitchCarbondata come from?
Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers
Learn more